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Spot Freight Turns Around in Early July Following Disappointing June

DAT reports from June 30 through July 6 the average rate for van and flatbeds moved 3.2% higher, compared to the previous seven days, with vans averaging $1.93 per mile and flatbeds coming in at $2.23 per mile. Reefers also posted a gain, picking up 1.3%, for an average of $2.30 per mile.

Credit: DAT

Van rates rose on the spot market in Chicago and three Southeastern hubs, but other cities had mixed results, according to DAT. It attributes the gain in flatbeds to due to ongoing construction projects and an uptick in manufacturing activity. Reefer rates increased largely to short-haul deliveries before and after the July 4 holiday.

The increases came as total spot market loads fell 22% and truck capacity declined by nearly as much.